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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Interest and fees on loans $ 219,013 $ 213,099 $ 220,784
Interest on investment securities:      
Taxable interest income 32,076 20,429 19,881
Tax-exempt interest income 2,402 725 1,007
Other, principally overnight investments 2,427 3,431 8,435
Total interest income 255,918 237,684 250,107
Interest Expense      
Savings, checking and money market accounts 4,520 6,551 9,551
Time deposits of $100,000 or more 2,549 8,215 13,598
Other time deposits 812 1,535 1,901
Borrowings 1,642 3,261 8,853
Total interest expense 9,523 19,562 33,903
Net interest income 246,395 218,122 216,204
Provision for loan losses 9,611 35,039 2,263
Provision for unfunded commitments 5,420 0 0
Total provision for credit losses 15,031 35,039 2,263
Net interest income after provision for credit losses 231,364 183,083 213,941
Noninterest Income      
Service charges on deposit accounts 12,317 11,098 12,970
Other service charges, commissions and fees 25,516 20,097 19,481
Fees from presold mortgage loans 10,975 14,183 3,944
Commissions from sales of insurance and financial products 6,947 8,848 8,495
SBA consulting fees 7,231 8,644 3,872
SBA loan sale gains 7,329 7,973 8,275
Bank-owned life insurance income 2,885 2,533 2,564
Securities (losses) gains, net (1,237) 8,024 97
Other gains (losses), net 1,648 (54) (169)
Total noninterest income 73,611 81,346 59,529
Noninterest Expense      
Salaries 86,815 84,941 79,129
Employee benefits 16,434 16,027 16,844
Total personnel expense 103,249 100,968 95,973
Occupancy expense 11,528 11,278 11,122
Equipment related expenses 4,492 4,285 5,023
Merger and acquisition expenses 16,845 0 192
Intangibles amortization 3,531 3,956 4,858
Foreclosed property losses, net 24 547 939
Other operating expenses 44,987 40,264 39,087
Total noninterest expense 184,656 161,298 157,194
Income before income taxes 120,319 103,131 116,276
Income tax expense 24,675 21,654 24,230
Net income $ 95,644 $ 81,477 $ 92,046
Earnings per common share: Basic (in usd per shares) $ 3.19 $ 2.81 $ 3.10
Earnings per common share: Diluted (in usd per share) 3.19 2.81 3.10
Dividends declared per common share (in usd per shares) $ 0.80 $ 0.72 $ 0.54
Weighted average common shares outstanding:      
Basic (in shares) 29,876,151 28,839,866 29,547,851
Diluted (in shares) 30,027,785 28,981,567 29,720,499